Premier League: Only four clubs profit in summer transfer window as Premier League spending goes through the roof

Top flights clubs are averaging whopping £9m a day since May

By Dan Pellegrini

15th August 2016, 6:44 pm

Updated: 30th October 2018, 2:34 pm

Premier League clubs are enjoying their most fruitful summer ever as more money pours in to all 20 clubs thanks to the new TV deal.

Only four clubs profit at the moment in a transfer window which has seen Manchester United break the world record transfer fee to re-sign Paul Pogba from Juventus for a sum that may well rise to £109m.

Research by Spreadex.com has revealed that before the opening day of the season £794m has been spent by Premier League clubs since May.

The Premier League is becoming even bigger than it was before which can seem almost impossible but with more money being pumped in to the Premier League there seems no end to to the mass spending.

All 20 clubs are in a position to finance deals that never seemed possible 3 years ago, Crystal Palace tabled a bid of around £30m for Chelsea's Michy Batshuayi before he made the move from Marseille to Stamford Bridge for £32m.

Arsenal, Chelsea and Tottenham are the clubs to make a profit at some point in the last four years, Spurs can point to the sale of Gareth Bale for at the time a world record £85m to Real Madrid in 2013 that helped towards balancing the books.

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Champions Leicester City only have a net spend of £1.4m even though they broke their own transfer record this summer with the signing of Musa, the sale of Kante to Chelsea saw them recoup almost double that fee with the Frenchman being sold for over £30m

However with the likes of West Ham now looking to spend big it may be the rest of Europe that wished financial fair play was as strict as first instructed, as the Premier League looks to be running off in to the distance very fast.